Annual Report: 2023
SUPERISING Chennai Super Kings Cricket Limited 2023 Annual Report Summary:
General Information:
The document is the 9th Annual Report of Chennai Super Kings Cricket Limited (CSKCL) for the fiscal year ending March 31, 2023. The 9th Annual General Meeting (AGM) will be held on September 27, 2023, via video conferencing.
Notice to Shareholders:
The notice outlines the agenda for the Ninth Annual General Meeting (AGM) of Chennai Super Kings Cricket Limited, including the adoption of audited financial statements and the reappointment of Sri P.L. Subramanian as a Director. Special resolutions are proposed regarding the Board's authority to give loans, guarantees, provide security, acquire securities, borrow monies, and mortgage/charge company assets. Shareholder approval is sought for entering into contracts with EWS Finance and Investments Private Limited. The meeting will be conducted virtually (VC/OAVM) and remote e-voting will be available. Members who have not registered their e-mail addresses are requested to do so with their Depository Participant or the Registrar & Share Transfer Agent (RTA).
Directors' Report:
Annexure 1: CSR Activities:
Annexure 2: Subsidiary Information:
This section provides details of the company's subsidiaries, Superking Ventures Private Limited and Joburg Super Kings (Pty) Ltd, including their reporting period, share capital, turnover, and profit/loss before and after taxation.
Annexure 3: Secretarial Audit Report:
This section contains the Secretarial Audit Report. The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. There were no changes in the composition of the Board of Directors during the period under review.
Independent Auditor's Report:
The auditors provide an opinion that the standalone and consolidated financial statements present a true and fair view in accordance with Indian Accounting Standards. There is emphasis of matter regarding the requirement of maintaining earmarked deposits in respect of unsecured optionally convertible debentures. The company has an adequate internal financial controls system over financial reporting.
Financial Statements:
The report includes the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity, and Cash Flow Statement for both standalone and consolidated financials. Detailed notes to the financial statements are provided.
Key Financial Data (Standalone):
Proposed Actions:
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